Greenwich CT Market Statistics May 2014

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GREENWICH, CONNECTICUT RESIDENTIAL MARKET SINGLE-FAMILY SALES JANUARY -MAY 2013 VS. 2014 I STATISTICAL MARKET OVERVIEW JAN.-MAY JAN.-MAY % 2013 2014 CHANGE Current Inventory 575 591 +3% Unit Sales 212 193 -9% Days on Market 177 176 -0.6% % Sale Price/List Price 93.5% 93.1% -0.4% YEAR-TO-DATE COMPARISONS JAN.-MAY JAN.-MAY % 2013 2014 CHANGE Average Sale Price $2,021,782 $3,236,733 +60% Median Sale Price $1,586,250 $2,025,000 +28% Information deemed reliable, but subject to verification by all parties. Source: Greenwich Multiple Listing Service, Inc. 2013-2014 © 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

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Current and Historical Sales Data For Single Family Homes In Greenwich, CT. Sales Trends Since 1974.

Transcript of Greenwich CT Market Statistics May 2014

Page 1: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET

SINGLE-FAMILY SALESJANUARY-MAY 2013 VS. 2014

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STATISTICAL MARKET OVERVIEW

JAN.-MAY JAN.-MAY %2013 2014 CHANGE

Current Inventory 575 591 +3%

Unit Sales 212 193 -9%

Days on Market 177 176 -0.6%

% Sale Price/List Price 93.5% 93.1% -0.4%

YEAR-TO-DATE COMPARISONS

JAN.-MAY JAN.-MAY % 2013 2014 CHANGE

Average Sale Price $2,021,782 $3,236,733 +60%

Median Sale Price $1,586,250 $2,025,000 +28%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2013-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

Page 2: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITSHISTORICAL MONTHLY INVENTORY REPORTJANUARY 2005 TO MAY 2014

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% CHANGE% CHANGE AVG. 2014 VS.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 ‘13 VS. ‘14 2005-13 AVG. ‘05-‘13

January 298 411 456 482 571 519 516 496 421 407 -3% 463 -12%

February 342 447 510 521 615 550 518 536 452 467 +3% 499 -6%

March 378 443 516 565 666 576 539 559 455 486 +7% 522 -7%

April 427 508 541 602 731 643 596 622 539 538 -0.2% 579 -7%

May 458 532 564 626 766 699 611 618 575 591 +3% 605 -3%

% CHANGE% CHANGE AVG. 2013 VS.

2005 2006 2007 2008 2009 2010 2011 2012 2013 ‘12 VS. ‘13 2005-13 AVG. ‘05-‘12

June 486 535 576 596 754 688 600 585 556 -5% 598 -8%

July 441 526 512 585 719 677 584 545 522 -4% 568 -9%

August 408 497 489 567 681 645 570 539 509 -6% 545 -7%

September 464 568 534 606 665 688 596 560 537 -4% 580 -8%

October 477 548 561 609 647 658 591 532 497 -7% 569 -14%

November 427 470 498 584 589 574 529 471 430 -9% 508 -17%

December 356 420 440 547 500 500 450 398 379 -5% 443 -16%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2005-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

For a World Too Full of Samene

Page 3: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITSCURRENT INVENTORY BY PRICE RANGEMAY 2013 VS. MAY 2014

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% OF % OFMAY MAY % CURRENT ALL 2014 2013 2014 CHANGE INVENTORY CONTRACTS

$0 to $999,999 47 63 +34% 11% 21%

$1-1,999,999 129 125 -3% 21% 31%

$2-2,999,999 109 111 +2% 19% 17%

$3-3,999,999 92 73 -21% 12% 16%

$4-4,999,999 49 51 +4% 9% 5%

$5-5,999,999 40 34 -15% 6% 4%

$6-7,999,999 44 61 +39% 10% 1%

$8-9,999,999 20 21 +5% 4% 1%

$10-14,999,999 30 35 +17% 6%4%

$15,000,000 and over 15 17 +13% 3%

Totals 575 591 +3%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2013-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

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Page 4: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITSUNDER CONTRACT BY MONTH 2003-2014MAY 2014

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% CHANGE% CHANGE AVG. 2014 VS.

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 ‘13 VS. ‘14 2003-13 AVG. ‘03-‘13

January 44 51 43 38 40 27 9 26 33 33 38 19 -50% 35 -46%

February 58 72 61 57 52 39 14 29 33 28 32 42 +31% 43 -2%

March 65 109 73 73 92 39 12 40 69 51 61 47 -23% 62 -24%

April 71 83 86 65 74 44 25 55 48 57 92 66 -28% 64 +3%

May 88 81 85 72 58 44 35 58 67 66 70 68 -3% 66 +3%

Total 326 396 348 305 316 193 95 208 250 235 293 242 -17% 270 -10%

% CHANGE% CHANGE AVG. 2013 VS.

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 ‘12 VS. ‘13 2003-13 AVG. ‘03-‘12

June 83 82 63 66 63 49 40 56 73 60 65 +8% 64 +2%

July 62 66 56 31 40 38 40 39 41 63 68 +8% 49 +42%

August 56 64 57 41 46 20 43 35 28 54 54 0% 45 +23%

September 53 61 56 33 33 24 46 23 28 33 40 +21% 39 +3%

October 64 69 43 35 33 12 32 43 32 51 52 +2% 42 +27%

November 63 59 47 62 39 10 40 35 26 38 58 +53% 43 +38%

December 52 42 47 49 23 7 43 37 31 48 35 -27% 38 -9%

Total 759 839 717 622 593 353 379 476 508 582 665 +14% 590 +13%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2013-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

Page 5: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITS UNDER CONTRACTBY PRICE RANGEJANUARY-MAY 2013 VS 2014

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% OF % OFJAN.-MAY JAN.-MAY % CURRENT ALL 2014 2013 2014 CHANGE CONTRACTS INVENTORY

$0 to $999,999 66 50 -24% 21% 11%

$1-1,999,999 108 76 -30% 31% 21%

$2-2,999,999 52 41 -21% 17% 19%

$3-3,999,999 30 39 +30% 16% 12%

$4-4,999,999 13 12 -8% 5% 9%

$5-5,999,999 6 9 +50% 4% 6%

$6-6,999,999 7 1 -86% 0.4%10%

$7-7,999,999 3 2 -33% 1%

$8-8,999,999 4 2 -50% 1%4%

$9-9,999,999 1 1 0% 0.4%

Over $10,000,000 3 9 +200% 4% 9%

Totals 293 242 -17%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2013-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

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Page 6: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNIT SALES BY MONTH

PREVIOUS 24 MONTHS

MAY 2014

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% 2013 2014 CHANGE

January 30 48 +60%

February 29 21 -28%

March 32 28 -13%

April 51 44 -14%

May 70 52 -26%

Year-to-Date 212 193 -9%

% 2012 2013 CHANGE

June 72 88 +22%

July 74 88 +19%

August 62 79 +27%

September 50 34 -32%

October 37 47 +27%

November 38 44 +16%

December 69 51 -26%

Total 614 624 +1.6%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2012-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

Page 7: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNIT SALESBY PRICE RANGEJANUARY-MAY 2013 VS 2014

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JAN.-MAY JAN.-MAY % % OF ALL2013 2014 CHANGE SALES 2014

$0 to $999,999 57 39 -32% 20%

$1-1,999,999 80 55 -31% 28%

$2-2,999,999 34 39 +15% 20%

$3-3,999,999 18 29 +61% 15%

$4-4,999,999 11 12 +9% 6%

$5-5,999,999 4 5 +25% 3%

$6-6,999,999 5 3 -40% 2%

$7-7,999,999 2 1 -50% 0.5%

$8-8,999,999 1 2 +100% 1%

$9-9,999,999 0 1 # 0.5%

$10,000,000 and over 0 7 # 4%

Totals 212 193 -9%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2013-2014© 2014 Coldwell Banker Residential Brokerage. Coldwell Banker is a registered trademark licensed to Coldwell Banker Residential Brokerage. An Equal Opportunity Company. Equal Housing Opportunity. Operated by a subsidiary of NRT LLC. All Rights Reserved. May not be reproduced in any form or transmitted without written permission.

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% CHANGE‘07-‘13 2014 VS.

2007 2008 2009 2010 2011* 2012* 2013* 2014* AVERAGE AVG. ‘07-‘13

January 135 112 40 185 135 123 164 169 128 +32%

January-February 132 132 105 162 168 133 230** 192 151 +27%

January-March 134 130 161 184 195 152 212 174 167 +4%

January-April 133 134 161 191 187 161 192 166 166 0%

January-May 122 138 160 189 190 172 177 176 164 +7%

% CHANGE‘07-‘13 2013 VS.

2007 2008 2009 2010 2011* 2012* 2013* AVERAGE AVG. ‘07-‘12

January-June 128 141 158 174 178 161 168 158 +7%

January-July 124 140 154 173 174 150 162 154 +8%

January-August 124 136 159 174 171 153 157 153 +3%

January-September 124 136 164 170 167 153 155 153 +1%

January-October 127 132 164 170 168 157 156 153 +3%

January-November 125 132 169 166 170 156 154 153 +1%

January-December 141 134 170 170 173 160 156 158 -1%

*The 2011-2014 average days on market numbers reflect the contract date. All other numbers reflect the close date.**This figure is distorted by 6 sales that averaged of 759 DOM, they added 77 days to the average.Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2007-2014© 2014 Coldwell Banker Residential Brokerage All Rights Reserved.May not be reproduced in any form or transmitted without written permission.

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITS SALESCUMULATIVE AVERAGE NUMBER OF DAYS ON MARKET

MAY 2014

Page 9: Greenwich CT Market Statistics May 2014

GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE-FAMILY UNITS UNDER CONTRACT

2003-2008 AND 2009-2013

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AVG. NUMBER OF % OFPROPERTIES GONE TO ANNUAL

RANK CONTRACT 2009-2013 CONTRACTS

1. May 59.2 11.4%

2. June 56.4 10.9%

3. April 55.4 10.7%

4. July 50.2 9.7%

5. March 46.6 9.0%

6. August 42.8 8.2%

7. October 41.8 8.1%

8. November 39.2 7.6%

9. December 38.4 7.4%

10. September 34.0 6.6%

11. January 27.8 5.4%

12. February 27.2 5.2%

Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2003-2012© 2014 Coldwell Banker Residential Brokerage All Rights Reserved.May not be reproduced in any form or transmitted without written permission.

MONTHS RANKED BY SALES ACTIVITYPERCENTAGE OF ANNUAL CONTRACTS

AVG. NUMBER OF % OFPROPERTIES GONE TO ANNUAL

RANK CONTRACT 2003-2008 CONTRACTS

1. March 75.2 11.6%

2. May 71.3 11.0%

3. April 70.5 10.9%

4. June 67.7 10.5%

5. February 56.6 8.7%

6. July 49.0 7.6%

7. August 47.3 7.3%

8. November 46.7 7.3%

9. September 43.3 6.7%

10. October 42.7 6.6%

11. January 40.5 6.3%

12. December 36.7 5.7%

2009-20132003-2008

Page 10: Greenwich CT Market Statistics May 2014

HISTORICAL SALES DATAGREENWICH, CONNECTICUT · REAL ESTATE SALES 1976-2013

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TOTAL % CHANGE IN TOTAL DOLLAR % CHANGE IN AVERAGENUMBER NUMBER OF AMOUNT OF ALL DOLLAR AMOUNT PRICE APPRECIATION

YEAR OF SALES HOMES SOLD HOMES SOLD OF HOMES SOLD PER HOME PER YEAR2013 724 +10% $1,600,328,821 +5% $2,210,399 -5%2012 659 +14% $1,526,500,597 +10% $2,316,389 -4%2011 573 +4% $1,388,016,920 +3% $2,422,368 -1%2010 549 +48% $1,346,949,283 +41% $2,453,460 -5%2009 370 -20% $953,752,778 -25% $2,577,710 -6%2008 460 -37% $1,263,762,302 -41% $2,747,309 -8%2007 726 -0.1% $2,158,543,802 +11% $2,973,201 12%2006 727 -16% $1,936,471,126 -9% $2,663,647 8%2005 865 -12% $2,136,652,175 -2% $2,470,118 11%2004 978 14% $2,172,443,614 44% $2,221,312 26%2003 859 15% $1,509,280,063 9% $1,757,020 -5%2002 753 1% $1,380,621,759 19% $1,840,829 17% 2001 741 -15% $1,161,711,961 -18% $1,567,762 -4% 2000 873 -8% $1,422,152,044 12% $1,629,040 22% 1999 952 4% $1,266,653,502 13% $1,330,518 8%1998 913 6% $1,125,358,910 15% $1,232,595 8%1997 859 22% $976,437,121 40% $1,136,714 15% 1996 706 5% $695,918,882 15% $985,721 9% 1995 670 -8% $604,009,308 -10% $901,506 -2% 1994 732 -4% $670,483,620 4% $915,961 8%1993 761 8% $642,860,523 11% $844,758 3% 1992 706 10% $578,871,671 15% $819,932 5% 1991 644 40% $502,622,668 36% $780,470 -3% 1990 459 -24% $369,993,552 -26% $806,086 -2% 1989 607 1% $500,099,411 5% $823,887 4% 1988 603 -7% $477,300,000 4% $791,542 12% 1987 649 -25% $458,292,000 -19% $706,151 8% 1986 864 -4% $566,739,000 38% $655,948 43% 1985 897 8% $410,671,000 27% $457,827 18% 1984 829 4% $322,411,000 19% $388,916 14% 1983 798 57% $271,563,000 65% $340,305 5% 1982 509 -10% $164,331,000 -3% $322,851 8% 1981 565 -19% $169,117,000 -5% $299,322 18% 1980 699 2% $177,911,000 19% $254,522 16% 1979 684 -17% $149,894,000 -2% $219,143 19% 1978 827 -8% $152,733,000 9% $184,683 19% 1977 900 3% $139,849,000 21% $155,388 17% 1976 874 $115,894,000 $132,602

Information deemed reliable, but subject to verification by all parties.Source: SearchGreenwich.net Greenwich Record of Real Estate Sales. Figures reflect MLS and non-MLS transactions.© 2014 Coldwell Banker Residential Brokerage May not be reproduced in any form or transmitted without written permission. All Rights Reserved.